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Business environment analysis based on the Doing Business: case study Slovakia

Author

Listed:
  • Michal FabuÅ¡

    (School of Economics and Management of Public Administration in Bratislava, Slovakia)

  • Tomáš Dudáš

    (Pan-European University, Slovakia)

  • Eva Cihelková

    (Pan-European University, Slovakia)

Abstract

Business activity is logically influenced by a certain environment in which it takes place. We call this the business environment. It consists of conditions in a specific country, respectively. specific location. Today, we can also talk about the global business environment. The business environment consists of all entities in the vicinity of the company, which directly or indirectly affect it and interfere with its activities. Every business or person doing business operates in a specific business environment. The business environment should create the conditions for entrepreneurs to pay them start-ups and existing ones to thrive in business, while being able to offer vacancies. Based on the Doing business indicator in this paper, we analyze the development of the business environment in the Slovak Republic for the period 2009 to 2020. The data were used in an international database available online within the data provided by the World Bank. The aim of this paper is to point out the development and analyze the reasons for development trends in the Slovak Republic.

Suggested Citation

  • Michal FabuÅ¡ & Tomáš Dudáš & Eva Cihelková, 2021. "Business environment analysis based on the Doing Business: case study Slovakia," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 3(3), pages 56-65, September.
    • Handle: RePEc:ssi:jouird:v:3:y:2021:i:3:p:56-65
    DOI: 10.9770/IRD.2021.3.3(3)
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    References listed on IDEAS

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    1. Osiyevskyy, Oleksiy & Shirokova, Galina & Ritala, Paavo, 2020. "Exploration and exploitation in crisis environment: Implications for level and variability of firm performance," Journal of Business Research, Elsevier, vol. 114(C), pages 227-239.
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    More about this item

    Keywords

    business environment; doing business; Slovak Republic;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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